PARIS and TORONTO, June 9, 2011 – Linedata (NYSE Euronext: LIN), the global leader for investment management and credit solutions, today announced it opened a new office in Toronto, Canada, further expanding its presence in North America. Located in the heart of the financial district in the TD Canada Trust Tower, this new office establishes Linedata’s growing commitment to hands-on support for the Canadian market.
“Linedata continues to expand its North American presence with 180 employees supporting over 250 clients in the North American region. In particular, we’ve seen rapid growth in the Canadian market as asset managers look to improve trading and portfolio management procedures to support their own business expansion,” said Annie Morris, Managing Director of Linedata North America. “This market is of vital importance for us, making it imperative to build strong relationships on a local level as the region boosts its investment in financial technology.”
According to a recent report, ‘Canada Survey: Partnering in Technology and Services,’ by research firm Aite Group, Canadian asset managers will spend heavily on electronic trading systems in 2011. Linedata has seen this firsthand with its Canadian client base growing since early 2010, and its award-winning portfolio accounting, trading, compliance and reporting applications supporting Canada’s leading hedge funds and asset managers. Many Canadian firms are now focused on achieving market differentiation, growth and driving profitability and will look to proven and trusted financial technology and service partners like Linedata to assist them in reaching these goals.
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 800 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set up of ASP infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 144.5 million in 2009. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Linedata provides comprehensive front-to-back solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, and subsidiaries of banks or independents.
For more information, please contact:
Tara Phelan, North America